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6 months, 12 months, 1 year, 4 years? When the guy leaves office?? When are we going to look at Obama for the reasons this economy is failing and things aren't getting any better?
Well it took 20+years but we finally saw the results of the Reagen economy in late 2008.
This drove me nuts the whole election. "Well it was decades of bad policy that led to the collapse of the housing and financial markets." BS, 20 years in the making was GM, the financial markets only had about 14 ('94, Freddie Mac/Fannie Mae, thanks Clinton) and to blame that on the republicans in absurb. GWB called for reform on those slobbering capital bubble makers 17 times. Blocked each time by the Democrats and then label evil cause he hated supported housing for poor people.
you may want to take econ 101. (if you can get into college)
market prices things in when they learn of them
It knew obama would be pres in september and acting accordingly
Nice insult, are we in the 5th grade here?
If you took Econ 101, you'd also know that the market dropping at that time cannot be only tied to Obama winning the election, as there were a variety of other factors affecting the market at that time.
Obama cannot OWN that economy until he is in office with the power to manage that economy, so trying to count from the day he was elected is not significant.
6 months, 12 months, 1 year, 4 years? When the guy leaves office?? When are we going to look at Obama for the reasons this economy is failing and things aren't getting any better?
You should really ask to whom Reagan was next only to God (okay, Jesus too). Hopefully, they will be consistent as they were in the 1980s (blaming Carter for pretty much all of it) and in the mid-90s when good times prevailed and credited Reagan for it.
If you took Econ 101, you'd also know that the market dropping at that time cannot be only tied to Obama winning the election, as there were a variety of other factors affecting the market at that time.
Obama cannot OWN that economy until he is in office with the power to manage that economy, so trying to count from the day he was elected is not significant.
anti business rhetoric can make the market go down real quick
i have a 14year old that would take you to the woodshed in economics 101. for your own sake quit posting and go read book on any subject...
Quote:
Originally Posted by newtoli
Nice insult, are we in the 5th grade here?
If you took Econ 101, you'd also know that the market dropping at that time cannot be only tied to Obama winning the election, as there were a variety of other factors affecting the market at that time.
Obama cannot OWN that economy until he is in office with the power to manage that economy, so trying to count from the day he was elected is not significant.
Yes you should apply your critique fairly to the post above as well.
The truth is after you take econ 101 you will understand the President has very little power over the market. The President does not have some jedi powers that can make the market go up and down.
Which do you believe has more power over the markets:
1) The President
2) The decisions that are made in board meetings in the largest corporations in the world.
Not to mention thats its illogical that the markets all around the world would tank based on polls done in September on who the US president will be...
US is about 25% of the worlds economy and the us consumer spending has dramatic effects around the world
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